The Struggle for the Soul of America: Once Again, It’s All About the Money

President Trump recently proclaimed that “We cannot let the cure be worse than the problem itself.” By which he means that the cure of a national stay-at-home order and shutting down the economy would be worse than the further spreading of the coronavirus.

Trump even implied that the deaths of thousands of Americans is not that big of a deal. Afterall, he noted that thousands of Americans die in car accidents every year, but we don’t “tell everybody no more driving of cars.” See https://news.yahoo.com/trump-downplays-coronavirus-threat-again-even-as-number-of-cases-in-us-surges-001339863.html.

For Trump, the bottom line is getting the economy going again as soon as possible, in order to avoid a recession, or possibly a depression, and bolster his re-election prospects. In Trump’s mind, that’s more important than the thousands, some suggest millions, of Americans who will die if the coronavirus is not contained before economic activity is re-ignited.

Of course, no one knows for sure how this will play out. Other countries’ experiences, however, are instructive. In China, where the pandemic originated, researchers have found that stay-at-home orders were a key to stemming the spread of the virus. Now, two months since the Chinese lockdown began, the number of new cases is very low, down from thousands per day at the peak. See https://www.nature.com/articles/d41586-020-00741-x; https://www.cnn.com/2020/03/19/asia/coronavirus-covid-19-update-china-intl-hnk/index.html.

Hong Kong’s situation is even more telling. Since the beginning of March when much of Hong Kong’s workforce stopped working from home and returned to their workplaces, the number of reported cases of coronavirus has nearly tripled. See https://www.cnn.com/2020/03/23/asia/hong-kong-coronavirus-quarantine-intl-hnk/index.html.

Meanwhile, Congress is rushing to pass a $2 trillion stimulus package to support laid off workers, collapsing small businesses and suffering corporations. Here, paradoxically, Trump may be correct. This supposed cure for America’s economic woes may be worse than the recession that is about to descend upon us. According to the Huffington Post, “The emergency… legislation that the Senate agreed to on Tuesday (is)…an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics…It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties…” See https://www.yahoo.com/huffpost/senate-democrats-donald-trump-coronavirus-bill-181622873.html.

The bill provides $367 billion in loans to help small businesses hit hard by the outbreak to keep making payroll, $100 billion for hospitals, and $150 billion for state and local governments. It also provides for Americans who make up to $75,000 to receive a one-time payment of $1,200. A $500 billion fund, which can be leveraged to 10 times that amount, earmarked for corporations that have been economically damaged by the pandemic, will be overseen by an inspector general and a congressional panel in accordance with Democrats’ demands.

However, according to HuffPost, “the oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it….Democrats and Republicans have essentially decided to hold a pittance of relief for the people hit hardest hostage to the most reckless and… unnecessary corporate welfare program ever conceived.” .” See https://www.yahoo.com/huffpost/senate-democrats-donald-trump-coronavirus-bill-181622873.html.

Former Republican, Rep. Justin Amash called the plan “a raw deal for the people.” He explained that “It does far too little for those who need the most help, while providing hundreds of billions in corporate welfare, massively growing government, inhibiting economic adaptation, and widening the gap between the rich and the poor.” See https://www.yahoo.com/news/rep-amash-signals-may-single-134541682.html.

Finally, HuffPost analysts believe that “the legislation provides nothing of substance to address the coronavirus pandemic itself…It mobilizes no new resources, organizes no production, improves no medical supply delivery and trains no new nurses. Instead, it moves an enormous amount of money around and puts the Trump administration in charge of its movement.” See https://www.yahoo.com/huffpost/senate-democrats-donald-trump-coronavirus-bill-181622873.html.

As of this writing, Speaker Pelosi and the House Democrats have not yet signed off on this shameful deal crafted by the devious Sen, Mitch McConnell. Call Pelosi ((202) 225-4965), Rep. Ben Ray Lujan (D-NM), other House Democrats ((202) 224-3121) and your U.S. Senators ((202) 224-3121) now and voice your strong opposition to another cowardly cave-in to Big Money.

Bruce Berlin

A retired, public sector ethics attorney, Berlin is the author of Breaking Big Money’s Grip on America (See breakingbigmoneysgrip.com.), the founder of New Mexicans for Money Out of Politics, a former U.S. Institute of Peace fellow, and the founder and former executive director of The Trinity Forum for International Security and Conflict Resolution. He can be reached at breakingbigmoneysgrip@gmail.com.

Subscribe to this blog at https://breakingbigmoneysgrip.com/my-blog-3/. Join the movement to revive our democracy. Together we can save the soul of America.

 

 

 

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